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The Real Reason Michael Burry Bet Millions Against Apple

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Wright explains that Buffett is a long-term investor while Burry shorts stock on short-term plays. Buffett is not in the business of predicting company stock prices but invests in companies that he believes have business value down the road. Burry, on the other hand, is looking at what Apple stocks will do in the near future. Inflation, supply chain issues complicating the technology sector, China’s COVID-19 lockdowns, and the performance of NASDAQ are bound to affect Apple stock in the short term.

Burry has been open about his vision of the market, assuring that “the greatest speculative bubble of all time in all things” is inevitably leading to the “mother of all crashes” with investors piling up on cryptocurrencies (via Business Insider). Burry’s put options on Apple stocks give him the right (but not the obligation) to sell shares at a certain price, at a certain time. “If Apple doesn’t fall beneath a certain price by that time, the put options would expire worthless,” Billy Duberstein explains in a separate post for Fool.

Benzinga adds that Burry’s bearish position is valued at around $36 million if he exercises it. It is the largest position in his portfolio. Apple stock had a big run, quadrupling its stock price since early 2019. However, by May 2022, Apple stocks are down 20% year-to-date. The company from Cupertino saw a 16% drop in the stock price in this past quarter alone. Burry’s portfolio reveals his confidence in the U.S. market. He slashed it from 20 holdings to just six in the third quarter of 2021, with a value that dropped from $140 million to $42 million. In the fourth quarter, he swapped three of his remaining six holdings, lifting his portfolio to $74 million. “Short sellers on a stock have nothing, zero, zilch, nada, to do with the success or failure of the underlying business,” Burry tweeted on April 27.

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Today’s Wordle Answer #382 – July 6, 2022 Solution And Hints

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The answer to Wordle’s July 6, 2022, edition is the word fluff. When it comes to an etymological analysis, there isn’t much meat to the puzzle here. A close predecessor is the word floow (also spelled as flue), which refers to a wooly substance. There’s a Flemish term called vluwe and a French word velu meaning hairy or shaggy that are said to be earlier variants of the word. Some say that the world fluff is an imitative modification of the word floow, which describes the act of puffing a light substance. Another theory is that fluff came out from the merger of flue and puff.

There’s also a movie that was released in 2020 by the name “Fluff,” but you haven’t likely seen it unless names like John Pallotta, Wesley Green, Brian Anthony Wilson, and Gina Martino ring a bell. Fluff sandwich is also a delicacy in the New England region; it gets its name from the light filling that is predominantly marshmallow with jelly or peanut butter, and is colloquially referred to as the fluffernutter.

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Samsung’s Foldable Phones Could Get Much Cheaper In The Near Future

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During the restructuring of its smartphone branding scheme, Samsung adopted the A letter for its mid-range phones, reserving M for entry-level devices (spoiler: the three phone families now spell S, A, M). The Galaxy A series usually has some resemblance to flagship Galaxy S phones, particularly in design, but often skimps out on other hardware components like the processor, memory, and cameras. According to an insider source (via ETnews), Samsung will be using the same tactic to bring down its foldable prices to a more agreeable level.

The report doesn’t say which corners will allegedly be cut to reach that lower price point, though it does mention only having core functions installed. If there is one thing that Samsung can’t skimp on, however, it is the durability of the foldable phone and the materials it will use. If a cheap foldable phone with an already fragile display is easily damaged, it will only serve to scare potential buyers away rather than increase confidence in the product line.

Samsung will reportedly target a price of 1 million KRW, which is roughly $770 USD and therefore considerably cheaper than even the Galaxy Z Flip 3 model’s price tag. This won’t be happening anytime soon, though, as the pieces are unlikely to fall into place until 2024 — presumably when foldable displays themselves have become less expensive to make. Samsung’s timeline might also be influenced by Apple’s foldable plans, as the Korean company will most likely want to have its brand well-established in that market before the first foldable iPhone or iPad launch.

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This New HTC Tablet Is A Missed Opportunity

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The fact that the HTC A101 is an entry-level budget tablet is evident from the design itself. Take, for example, its massive bezels, making it seem a bit dated. The display used on this tablet measures 10.1-inches across and has a resolution of 1920 x 1200 pixels. While the HTC A101 gets a respectable 8GB of RAM, the processor used here is the UNISOC T618 chip. Designed by UNISOC, this SoC is an entry-level chipset that is based on a 12nm manufacturing process. Given its credentials, do not expect blazing fast performance on this tablet. The model features 128GB of onboard storage and packs the option to add a microSD card, as well.

The camera setup on the A101 includes a 12MP primary rear-facing camera and a 2MP ultrawide camera. HTC has also thrown in a decent 5MP front-facing camera. Powering the tablet is a 7,000 mAh battery that does not support fast charging. On the software side, this tablet will ship with Android 11 at launch. Clearly, the HTC A101 is an entry-level device that targets people who do not have a huge amount of money to splurge on a tablet. 

Unfortunately for HTC, the advent of fiercely competitive Chinese smartphone brands has blurred the lines between mid-tier and low-end devices. This means that consumers of late have been getting really good-looking, well-specced products for low prices. With the HTC A101 tablet, that doesn’t seem to be the case. Our perception of the product may change in case HTC decides to price the device competitively, but unfortunately, the company has yet to reveal this rather crucial piece of information.

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